by Guillermo A. Calvo
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Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy? (MIT Press)

by Guillermo A. Calvo (Author),
The MIT Press (Publisher)
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Product Specifications
Book Description
Since the mid-1990s, emerging market economies have been hit by dramatic highs and lows: lifted by large capital inflows, then plunged into chaos by constrained credit and out-of-control exchange rates. The conventional wisdom about such crises is strongly influenced by the experience of advanced economies. In Emerging Capital Markets in Turmoil, Guillermo Calvo examines these issues instead from the perspective of emerging market economies themselves, taking into account the limitations and vulnerabilities these economies confront.A succession of crises -- Mexico in 1994-5, East Asia in 1997, Russia in 1998, and Argentina in 2001 -- prompted an urgent search in economic policy circles for cogent explanations. Calvo begins by
Book Specifications
ISBN-13 9780262529549
Language English
Binding Paper Back
Publisher The MIT Press
Publishing Date 2005-09-23
Total Pages 564